To be honest, this guy is a complete joke. How can you take anybody serious who never ever changes his outlook? He was bearish 10 years ago, he was bearish about the whole world 5 years ago, he was bearish 3 years ago and of course he is bearish now. Complete clown for me. He was wrong so many times it's embarrassing to still be out there with forecasts. Not saying I do disagree with everything he says (I might or not) but that's not the point. The point is that I don't take anybody serious who always has the same point of view.